Ciena Corp (CIEN)
Debt-to-capital ratio
| Nov 2, 2024 | Jul 27, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 1,533,070 | 1,538,320 | 1,540,640 | 1,543,120 | 1,543,410 | 1,543,900 | 1,546,400 | 1,547,500 | 1,061,120 | 1,062,450 | 1,062,180 | 1,065,260 | 670,355 | 671,855 | — | 674,856 | 676,356 | — | — | 684,939 |
| Total stockholders’ equity | US$ in thousands | 2,816,140 | 2,890,870 | 2,880,260 | 2,923,500 | 2,848,360 | 2,947,010 | 2,908,650 | 2,838,300 | 2,712,860 | 2,667,740 | 2,782,420 | 2,814,790 | 3,020,020 | 2,924,240 | 2,693,260 | 2,586,510 | 2,509,600 | 2,428,870 | 2,240,580 | 2,054,300 |
| Debt-to-capital ratio | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.34 | 0.35 | 0.35 | 0.28 | 0.28 | 0.28 | 0.27 | 0.18 | 0.19 | 0.00 | 0.21 | 0.21 | 0.00 | 0.00 | 0.25 |
November 2, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $1,533,070K ÷ ($1,533,070K + $2,816,140K)
= 0.35
The debt-to-capital ratio for Ciena Corp has been relatively stable over the past few quarters, ranging between 0.27 and 0.35. This indicates that the company has maintained a consistent level of debt in relation to its total capital structure during this period. Notably, there was a noticeable decrease in the ratio from 0.35 to 0.28 in the third quarter of 2022, which suggests a potential repayment or reduction of debt during that period.
It is interesting to note that in the second quarter of 2021, the company reported a debt-to-capital ratio of 0.00, indicating either a temporary absence of debt or a significant decrease in debt relative to the total capital employed. This could be a strategic move to improve the company's financial position by lowering its debt levels.
Overall, the trend in Ciena Corp's debt-to-capital ratio shows consistency in managing its debt levels while maintaining a balanced capital structure. Investors and stakeholders may find this steady performance reassuring in terms of the company's financial stability and debt management practices.
Peer comparison
Nov 2, 2024